Dec 2, 2013 4:00am EST
there's some room for some cuts in the defense budget. not too much unfortunately. we live in a very shaky neighborhood it's very detailed. in this god is in the details. >> the federal reserve is now saying that this is over and that's causing a great deal of volatility in the markets. how will that impact the israeli market? >> first, foremost, 26, 27% of these exports are to the united states so this is immediate. it's a good thing that we have this separated. i mean, 26% to the united states, 30 something to europe and the rest to the far east and the rest of the world which means we are balancing the way that one area of the world is in trouble or collapsing or the second 2008 is happening, we are better protected against this, but the united states is the biggest sister. whatever happens there influences us. of course, we were following bernanke's policies and we, like the rest of the world, felt he was doing the right things in order to restabilize and bring growth from the american economy. we are benefitting every time the united states economy is doing better. >> when you c
Dec 9, 2013 4:00am EST
"worldwide exchange." >>> u.s. defense secretary has thrown his support behind the egyptian interim government's roadmap which came into effect with the toppling of mohammed morsi in july. he met with people over the weekend to discuss u.s./egyptian relations following a suspension of u.s. aid to the country a couple of months ago. hadley has been speaking with the egyptian finance minister as well and joins us from dubai. hi, hadley. >> hey, ross. it's interesting because the secretary of defense may have turned his support behind the interim government. that's yet to translate into the re-establishment of aid, for example, nor has it translated into any investment into egypt, at least in the last couple of months. you saw international investors skeptical of investing in egypt during the morsi government. there was a lot of skepticism an uncertainty. you still have that same kind of uncertainty with the interim government as well. where are they looking? they're looking elsewhere. they're looking to russia. lavrov was visiting russia. there were millions of dollars of investment d
Dec 3, 2013 4:00am EST
australia is a aaa rated currency. so there are defensive sectors affecting the aussie. so the china affect is affecting in terms of trade side of on things. at the same time, you have flows supporting the aussie. so you have over the next few months debt coming into play and some interest in terms of flows into the aussie asset prices. so it may stay up around these levels, about 92, 93, unless we see major policy shifts going forward. >> let's talk about the yen. we're at six-month highs against the dollar. there's now talk that we might get another stimulus package out of japan. reuters is talking about this. what target have you got for dollar/yen? >> for the end of the your, we were initially targeting 105. towards 100, 105 towards the early part of next year. and end of the year, closer to the 105 levels. end of 2014 towards the 110 level. so if the policies of stimulus announcement comes out, i think the levels might start to sort of rise a bit earlier than expected. so essentially, the trajectory for dollar/yen is an upward trajectory. it's the target levels that need to be shifted.